Herbalife Spent Over $1 Million On Lobbying In 2013

For the first time, the multilevel marketing company, Herbalife Ltd. (NYSE:HLF) spent $1.34 million in 2013 on lobbying in Washington D.C. According to Michelle Celarier of the New York Post, the amount spent in 2013 dwarfs Herbalife Ltd. (NYSE:HLF)’s typical spending. Bill Ackman criticized Herbalife’s lobbying efforts Hedge fund manager Bill Ackman in a new letter to investors this week reiterated his position that the short position of his hedge fund in Herbalife Ltd. (NYSE:HLF) offers “extremely compelling and even greater assymetirc payoff than before because of substantial increase of the price of the stock.” Bill Ackman of Pershing Square Capital…